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Greece

GSEVEE Survey Finds Severe Revenue Losses for Greek Firms Due to Capital Controls

According to a survey by the Institute of Small Businesses (IME) of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE), 9 out of 10 businesses in Greece lost revenue due to capital controls imposed on Greek banks. The survey, conducted...

Greek Labor Minister Holds Talks with Creditors' Representatives

The aim of the Greek side is to reverse the deregulation of the five-year Memorandum policy, Labor Minister Giorgos Katrougalos said on Monday after a meeting with representatives of the European Central Bank (ECB), the European Commission, the European Stability...

Athens Stock Exchange Drops After 5-Week Shutdown

The Athens Stock Exchange (ASE) dropped by 23% on Monday, after a five-week shutdown due to capital controls. The Greek stock market opening was another step away from the crisis caused by the uncertainty over the country's upcoming bailout program. However, as trading resumed,...

Greek Hotels in Thessaloniki Filled With Syrian Refugees

Syrian refugees have flooded numerous hotels in Thessaloniki, northern Greece, according to Greek newspaper "Ethnos." Refugees that can afford to stay at hotels, book one or two nights as a layover in their trip to central or northern Europe. The...

Greece Suffered Million-Euro Losses from State TV and Radio Mismanagement

The Greek state has suffered losses in the millions of euros from mismanagement and fraud in public broadcaster ERT during the Christos Panagopoulos administration and the 9.84 radio station in the 2001-2010 period, according to auditors. The Sunday edition of Greek newspaper "To Vima"...

Greek Main Opposition Leader Calls on PM Tsipras to Govern

"Tsipras needs to understand that he is required to govern, take responsibility and provide solutions," main opposition New Democracy leader Evangelos Meimarakis said in an interview to Real News. Meimarakis accused Greek Prime Minister Alexis Tsipras of giving the impression that...

Greek Under-18 Basketball Team Wins European Championship

The Greek Under-18 basketball team beat Turkey after lagging 14 points behind and won the European Championship on Sunday evening in Volos. Greece's national team used the home advantage and came from behind to finally win the game and become the new...

No More Migrant Suffering in Athens Park

  Greek Minister of State for Coordinating Government Operations Alekos Flambouraris convened an emergency meeting of ministers and other officials on Saturday to discuss the worrisome refugee influx that hat has left a great number of people stranded in areas, such as...

Gov't Vice President Dragasakis Sees Possible Recovery as of Second Half of 2016

"The risk of a Grexit still exists," Government Vice President Yiannis Dragasakis said on Sunday in an interview with Realnews, adding that it will decrease after the voting of the agreement and its completion that will render the public debt...

Greek Alternate Citizen Protection Minister: We have a Change of Government, not Regime

The destabilization of the currency disrupts the proper functioning of a country's regime, Greek Alternate Citizen Protection Minister Yiannis Panousis said in an interview with Sunday's Vima newspaper. According to Panousis, "the destabilization of the currency, the currency-exchange security detachment...